5 short years. That is the amount of time that is remaining in the Medicare trust fund before it goes completely bankrupt. The trust fund already has started to lose billions, and unless we make some needed changes, Medicare will be completely bankrupt within 5 years. So the situation is even worse than was predicted by the Clinton administration last year. Mr. Speaker, there are many, many people in my district who depend on Medicare and who expect to be around 5 years from now. My own parents are on Medicare. It would be an absolute outrage if political posturing and political games prevent us from saving a program that so many Americans depended upon. Just as politics ought to stop at the water's edge, politics when it comes to Medicare absolutely should stop in this House. Even President Clinton admitted all those attack ads about Republicans alleging cutting Medicare are absolutely not true. It is time that rather than everybody attacking everybody about who is cutting Medicare, Republicans and Democrats ought to work together to save Medicare.
On the recordJune 5, 1996
Source
govinfo.govEditor's note · Context
Addressing the impending bankruptcy of the Medicare trust fund and urging bipartisan cooperation to save it.
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